saxess

Gold bearish trend remains unchanged. The short position given during the holiday has now provided 40 points of downside space—exit the trade in the short term!
The daily K moving averages are diverging downward. The Bollinger middle band at 4273 is a strong overhead resistance. The K-line is hovering near the lower daily band around 4100, and the rebound momentum is weak.
On the 4-hour and 1-hour charts, the Bollinger middle bands resonate as resistance around 4166–4168. The current price is below the middle bands across multiple timeframes, so any bounce is only for indicator correction.
Support: 4132, 4125. If the body breaks below, look toward 4120 and 4100, down to 4080$XAU
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